The following proposal is an attempt to solve the question of “paying college athletes.” The pay would apply to college football — Division I teams only. To qualify for compensation, a varsity football player must complete a four-year program and must graduate with a degree. On that basis, payment would include a six-month season, starting with August through January. Compensation would include $2,000 per month for a six-month season, totaling $12,000. Completion of four years would total $48,000. The payment is in the form of an insurance policy, payable at the completion of four seasons. A total of $48,000 insurance policy would start at graduation time. The “policy” must remain in force for 20 years. At that time, the “policy” can be cashed out. By this time, the cash can be used for offset college expenses.
This compensation offer would only apply to the football program. Other sports would apply in the future, based upon the success of this football program. Of course, this plan would be subject to fine-tuning. Also, the legality of this program should be established.